Traders Say Additional US Sanctions Likely to Hamstring Exports of Russian Coal to India

March 6, 2024 12:20:00

Traders who deal with coal from Russia believe the new sanctions the United States has imposed on Moscow will likely negatively influence imports of thermal coal from the Eastern European country to India. This, they say, is because the sanctions specifically mention Mechel and SUEK, leading Russian export companies.

Mechel is a top producer of specialty steels in Russia and is involved in the manufacture of rolled products from different types of…

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